Guitar Gear Forum

charlie_sheen wrote:serious advice: you need to diversify yo bonds, **bleep**.

sleewell wrote:wu tang financial.... forever.

OverDriven wrote:

SexWithRobots wrote:Our band is looking into a small loan of like $2000 to get our EP and shirts together. Is there any bank stupid enough to give us money. Im assuming they would want some sort of collateral but I guess im just asking what the options are. Each member is able to contribute to monthly payments until we make back money from shows and merch sales.

If you don't even have 2K in your account to do this with cash, then you shouldn't be taking out loans anyways.

SexWithRobots wrote:

OverDriven wrote:

SexWithRobots wrote:Our band is looking into a small loan of like $2000 to get our EP and shirts together. Is there any bank stupid enough to give us money. Im assuming they would want some sort of collateral but I guess im just asking what the options are. Each member is able to contribute to monthly payments until we make back money from shows and merch sales.

If you don't even have 2K in your account to do this with cash, then you shouldn't be taking out loans anyways.

We just don't have the cash to pay for the recording plus cds, plus artwork, plus shirts and we want to be able to release it all at once. We don't have a hard time making money. I ended up talking to a friend that works at a bank and she suggested just opening a %o interest for 1 year credit card. The member who is in charge of our band bank account is not a bum either hes very trustworthy and responsible.

Captain Biscuit wrote:

SexWithRobots wrote:Our band is looking into a small loan of like $2000 to get our EP and shirts together.

Isn't that traditionally called a 'record label advance'?

Seriously man, speak to some indie labels round your area and see if there's anything they can do.
I work for a very small label and we sometimes front bands the money for duplication and merch, and then take 100% of the profits until the investment's recouped. We don't make any real profit doing it, it's just a way to get our name out there while helping bands. If you're good and have a decent fanbase you might get offered a full contract, who knows.

Anything we can have a listen to by the way?

hwy1 wrote:Even if you get a credit card, hustle up some extra gigs, do weddings, whatever you can to pay it off. Last thing you need is for someone to not pay because their car broke down or whatever, then you guys are arguing about money instead of making music.

sleewell wrote:sounds risky man. sounds like one person with good credit is going to get stuck paying for the others who dont care. not trying to be a debbie downer, just my 2 cents.

are you playing shows? how quickly would you be able to pool all that money to get to 2k?

sleewell wrote:How much do gigs pay in Chicago? My guess is min 400-500

Seems like 5 or 6 gigs and you would gave the money

zach wrote:Idea is lamesauce.

Play gigs to make the money. If you can't make $2k gigging, you damn sure can't sell records and/or t shirts.

Hugh Jaynus wrote:on top of that..........who knows when life happens.

dick head drummer breaks his arm skateboarding, or guy gets a divorce.......leaves town.

A loan is one of the classic wrong moves when it comes to bands.
(oddly enough, exactly how a record company screws you when they sign you and you aren't popular)

NinjaRaf wrote:

sleewell wrote:How much do gigs pay in Chicago? My guess is min 400-500

Seems like 5 or 6 gigs and you would gave the money

WAT?!?!

We were lucky if we made 50 bucks a show.

TyroneBiggums wrote:

NinjaRaf wrote:

sleewell wrote:How much do gigs pay in Chicago? My guess is min 400-500

Seems like 5 or 6 gigs and you would gave the money

WAT?!?!

We were lucky if we made 50 bucks a show.

Well, play a different style of music if money is your goal? I was drumming in a reggae band recently that made $2000 in less than a week. It wasn't always like that, but if you are good and know the right venues/promoters/etc. it can be done.